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Aug 27, 2013
08/13
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john harwood in washington. i want to bring in jared bernstein on the panel of budget advisory, and also a texas senator kay bailey hutchinson. and senator, how big of a fight are we in for? >> well, the next six weeks after congress gets back is going be a huge, big negotiating time. i do think that the republicans don't want it to be on the debt ceiling either, but they are going to insist on the funding cuts and the sequestration and the funding of government issues to be a addressed. >> do you think that we keep hearing about the demands regarding obama care, and repealing the elements or all of that. is that for real or more about reform? >> well, it is more about reform. you have to shoot with real bullets and the real bullets are the spending levels. i think that is where they are going to draw the line. that is where the majority will be. >> jared, we have been down this road before and does anything leading into october seem d different this time? >> unfortunately, no. i do think that they will qui quic
john harwood in washington. i want to bring in jared bernstein on the panel of budget advisory, and also a texas senator kay bailey hutchinson. and senator, how big of a fight are we in for? >> well, the next six weeks after congress gets back is going be a huge, big negotiating time. i do think that the republicans don't want it to be on the debt ceiling either, but they are going to insist on the funding cuts and the sequestration and the funding of government issues to be a addressed....
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Aug 9, 2013
08/13
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finance and financial reporter at the "washington post." guys, good morning to both of you. >> good morning. >> markets leaning red this morning after avoiding the first four-day losing streak of the year. we have at least six ipos on the docket. may be seven. we'll find out more in a few minutes. watch bonds today. investors pulled $4 billion from treasury funds in the weekended wednesday. you're going to hear more great rotation talk today. road map begins with blackberry open to the idea of going private. >>> also, priceline beating expectations and the shares approaching new highs, not seen since the dotcom era. >>> it's shark week on wall street as our our guest likes to say. >>> hedge funder bill ackman pushes jcpenney to push up its search for a ceo. >>> published reports say the smartphone maker is warming up to the possibility of going private. the company's board are said to be increasingly coming around to the idea. no deal is imminent and blackberry has apparently not launched any kind of sale process. interesting though, guys,
finance and financial reporter at the "washington post." guys, good morning to both of you. >> good morning. >> markets leaning red this morning after avoiding the first four-day losing streak of the year. we have at least six ipos on the docket. may be seven. we'll find out more in a few minutes. watch bonds today. investors pulled $4 billion from treasury funds in the weekended wednesday. you're going to hear more great rotation talk today. road map begins with...
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Aug 13, 2013
08/13
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. >> is that like guying a "washington post" a business? >> well, everything is a business and i have the yamaha and i would pay up. >> well, the stock is down? because perhaps hopes that he would come back and talking about a $500 million company. >> it was shocking to people, and carl quintanilla did an amazing interview with him at the alpha conference, and paulson is talk about the ginnette and when they buy things. >> yes. >> and ub likes ra s ravion and steinway and roll over beethoven. >> yes, indeed. "roll over beethoven." and now over to a guy who can sing a tune or two himself, bob pisani on the floor. >> well, jimmy, you are seeing what is moving the markets today, coal stocks are up again and the fourth or the fifth day in a row. we have seen the material names move up and steel stocks, and emergency stocks are moving up, and all of it on the better china news that we have had over the last several days, and the coal group is up almost 10%, and the steel stocks up 10% last ed the last five or six trading sessions. the global mar
. >> is that like guying a "washington post" a business? >> well, everything is a business and i have the yamaha and i would pay up. >> well, the stock is down? because perhaps hopes that he would come back and talking about a $500 million company. >> it was shocking to people, and carl quintanilla did an amazing interview with him at the alpha conference, and paulson is talk about the ginnette and when they buy things. >> yes. >> and ub likes ra s...
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Aug 20, 2013
08/13
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i went to george washington and it utterly changed my life. i hadn't seen snow until i got to d.c. the reason i bring that up is the power of a high quality educational experience. i personally have seen it to be life changing. for me education has been a thread throughout my career. >> are you going to go to the arena football games once they start? >> yeah. i'm actually a passionate miami dolphins fan. i'm not here to talk about ryan tannehill. i'm here to talk about real online education. if you think about how that applies to our programs, it's quite interesting. when students enroll, they become tar heels, projans and hoyas. i have a little student i.d. from one of our students, and you become a real tar heel. the most important thing is it's real. like you are becoming a full student. there's no "e" on your degree or "i" on your degree. >> and to some people that will be worth the price tag. to others you can't replicate the campus experience. thanks very much for joining us. >> thank you very much for having you. the ceo of 2u. >>> today sam lusung unveiled tr fablet. the qu
i went to george washington and it utterly changed my life. i hadn't seen snow until i got to d.c. the reason i bring that up is the power of a high quality educational experience. i personally have seen it to be life changing. for me education has been a thread throughout my career. >> are you going to go to the arena football games once they start? >> yeah. i'm actually a passionate miami dolphins fan. i'm not here to talk about ryan tannehill. i'm here to talk about real online...
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Aug 8, 2013
08/13
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diana olick joins us now from washington to explain why. morning, diana. >> good morning. and, you know, profitability just has nothing to do with it in the eyes of the obama administration. both fannie and freddie reporting big earnings, profits, yet they're still held to blame for much of the housing crash. >> for too long these companies were allowed to make huge profits buying mortgages knowing that if their bets went bad, taxpayers would be left holding the bag. it was heads we win, tails, you lose. and it was wrong. >> that was then and this is now. fannie mae reporting net income of $10.1 billion and paying the treasury $10.2 billion in dividends. that brings the total to $105 billion paid to uncle sam which bailed out fannie mae in 2009 buying $117 billion in senior preferred shares of stock. these dividend payments though do not go to pay back that bailout. treasury still owns that stock. and on the conference call this morning, fannie mae's ceo said that profitability should not slow the appropriate debate on the future of both fannie and freddie. just yesterday
diana olick joins us now from washington to explain why. morning, diana. >> good morning. and, you know, profitability just has nothing to do with it in the eyes of the obama administration. both fannie and freddie reporting big earnings, profits, yet they're still held to blame for much of the housing crash. >> for too long these companies were allowed to make huge profits buying mortgages knowing that if their bets went bad, taxpayers would be left holding the bag. it was heads we...
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Aug 12, 2013
08/13
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and "the washington post," the graham family, what are they now? >> they're kaplan. >> i just find that -- i think it was kind of sad. >> it was. although you can make an argument that it isn't much sounder at this point. mr. bezos getting his $25 billion personal net worth is in a better position to allow this company to do what it potentially needs to do. >> right, these are vanity acquisitions. "the washington post" becomes like a university. and jeff gave a lot of money to the university. kind of endowing "the washington post." >> does it make you in any way, shape or form think about amazon in a different way? people talk about money managers who buy sports teams, should we be thinking about founder ceos who buy newspapers? >> interesting point. i have a company ecom on tonight. what you have is that guy is really doing amazing things underneath an amazon. the amazon web services is an unbelievable business. this channel adviser has to be able to work with amazon because of the third party business -- look, i think that these guys, they're dif
and "the washington post," the graham family, what are they now? >> they're kaplan. >> i just find that -- i think it was kind of sad. >> it was. although you can make an argument that it isn't much sounder at this point. mr. bezos getting his $25 billion personal net worth is in a better position to allow this company to do what it potentially needs to do. >> right, these are vanity acquisitions. "the washington post" becomes like a university. and...
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Aug 26, 2013
08/13
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john harwood has the latest out of washington today. >> the latest this morning is that u.n. weapons inspectors have returned to their hotel in damascus having inspected the site of the suspected chemical weapons attack last week, and now that is limited utility because of the way that evidence degrades the inspectors were not supposed to try to assign responsibility for who launched the chemical weapons but increasingly there is a sense both in washington and abroad that the question is not if we strike syria militarily, but when. >> the response is imminent. i talked last evening with the situation room, and i think obviously we're building support with nato allies and our assets are in place, and i don't think there is any question in our administration's mind that chemical warfare has been used. >> now, two questions remaining about exactly how this gets rolled out. one is what is the legal justification given russia's objection to action by the sanction of the united nations. that is not likely to be where the united states gets legal justification. may look to nato alli
john harwood has the latest out of washington today. >> the latest this morning is that u.n. weapons inspectors have returned to their hotel in damascus having inspected the site of the suspected chemical weapons attack last week, and now that is limited utility because of the way that evidence degrades the inspectors were not supposed to try to assign responsibility for who launched the chemical weapons but increasingly there is a sense both in washington and abroad that the question is...
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Aug 21, 2013
08/13
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if he's a big nfl fan, literally -- remember, buying the "washington post." this cac panlg really put directv on the map. this is the story to follow. we need to have the nfl on the show. we need them to call in right now. this is remarkable if they would be willing to do this because it would undercut everybody. >> making the call. there you go. >> it would be huge. is this the beginning of when google will charge? you've got to charge for that product to monetize it. >> now you're getting into a different discussion because i was saying i believe at one point facebook will begin to charge, right? maybe google now -- >> might not be so crazy. >> google will start to charge for certain applications? >> people will pay for it. know that they will pay for football. we know that because the nfl has unbelievable statistics about ho whaches, how many people watch. women watch. more women watch than men watch the super bowl. this is a remarkable moment. google moves in. this is going to change our perception of google. i would buy google up to 1,000 if it paid anyt
if he's a big nfl fan, literally -- remember, buying the "washington post." this cac panlg really put directv on the map. this is the story to follow. we need to have the nfl on the show. we need them to call in right now. this is remarkable if they would be willing to do this because it would undercut everybody. >> making the call. there you go. >> it would be huge. is this the beginning of when google will charge? you've got to charge for that product to monetize it....
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Aug 19, 2013
08/13
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. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. john harwood joins us with the latest. what's top priority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well. he's got a very economic, heavy agenda as he comes to back to washington. congress is still out. he meets with the whole array across the government of regulators about trying to keep pace with implementation of dodd/frank, only 40% of the regulations are done. volcker rule is most important, trying to get that done by the end of the year. the president has also got speeches in upstate new york to press his agenda for a middle out economy. that is not likely to go too far with republicans but he's trying to soften up the ground for the fiscal debates this fall. the president has the
. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. john harwood joins us with the latest. what's top priority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well....
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Aug 14, 2013
08/13
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we had some issues regarding slot divestitures at washington, reagan. they can bly out of dulles or you've got market dominance by southwest and united. there are plenty of travel options. if that's the issue, we believe that there's a resolution. >> tom, just to quote "the journal" on this this morning they're saying, look, the challenge from the do jorks could throw a wrench into americans' plans to emerge from bankruptcy for protection because this merger was the basis of the bankruptcy exit plan. the two airlines were hoping for washington's blessing ahead of a court hear for thursday to confirm the exit plan. so where does this leave the pilots, where does this leave american now? >> well, in a sense, we're in a position awaiting for the trial date which we anticipate will be scheduled in the next several months. in the interim we're going to bargain with doj and compromise on this issue. we've been long-term supporters for this merger. it's a good fit for both carriers. it's going to add competition in the marketplace. doj facilitated and supporte
we had some issues regarding slot divestitures at washington, reagan. they can bly out of dulles or you've got market dominance by southwest and united. there are plenty of travel options. if that's the issue, we believe that there's a resolution. >> tom, just to quote "the journal" on this this morning they're saying, look, the challenge from the do jorks could throw a wrench into americans' plans to emerge from bankruptcy for protection because this merger was the basis of the...
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Aug 1, 2013
08/13
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we are very big in washington, d.c. we have over 100 hotels in this city. and the average numbers at those hotels are negative in the second quarter. why? because of contracting government obviously. the sequester, but even beyond the sequester it's about government demand being relatively week. urban d.c. is better than suburban d.c., but d.c. is weak. the other thing that's happening is group. what we've seen is short-term group is the weakest segment in our hotels across the united states. what's really strong is the individual business tra and the leisure traveler. they're up 7%, 8%, 9% depending on the markets. what we see is that the individual business traveler is back on the road, seeing their customers, meeting with each other, doing the things they need to do in order to move business along. families are back taking vacation together. they're going to the places where they want to go. but this near-term group where it's discretionary, there's a little bit of relative softness there. government is a piece of that, but i think there's still a little
we are very big in washington, d.c. we have over 100 hotels in this city. and the average numbers at those hotels are negative in the second quarter. why? because of contracting government obviously. the sequester, but even beyond the sequester it's about government demand being relatively week. urban d.c. is better than suburban d.c., but d.c. is weak. the other thing that's happening is group. what we've seen is short-term group is the weakest segment in our hotels across the united states....